Dollar index could re-test cycle highs as correction may be completed. Technically a “bullish Harami” has been formed on the index which signals a bullish momentum. Dynamics will further kick in for the greenback if 109.63 (January ’25 high) is penetrated which will then target ~111.00.

To the downside, the 21 SMA acts as immediate support at 108, which also aligns with the upward facing trendline.

Big week on fundamental side also going into releases so we may see a data driven move.

Weekly chart – Last resistance at 109.00 – 61.8% Fibonacci retracement